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Source: Social Security Administration. The projected 2025 COLA for Social Security is 2.5%, according to an emailed September 11 TSCL press release, resulting in another drop.
Next year's COLA is shaping up to be much lower. Based on the most recent inflation data available, the nonpartisan Senior Citizens League projects that 2025's Social Security COLA will be 2.63%.
It's also important to recognize that the aforementioned 2.57% COLA projection is only an estimate. Social Security COLAs are calculated based on third quarter CPI-W data. As of this writing, the ...
Image source: Getty Images. But in 2025, Social Security benefits will be rising by only 2.5% due to cooling inflation. And while that's not a terrible increase, it's disappointing in the context ...
For now, you can keep tabs on 2025 estimates to know what to expect. But also take steps to improve your retirement income picture, because even that 2.66% projection has the potential to drop ...
A 2.5 percent increase would raise the average Social Security payment for retired workers from $1,920.48 (as of August 2024) to $1,968.49 in 2025, an increase of $48.01. You’ll notice the COLA ...
Here's the big picture: While the 2.5% COLA in 2025 is the smallest increase in Social Security benefits in four years -- 3.2% in 2024, 8.7% in 2023, and 5.9% in 2022 -- that means prices across ...
The annual COLA, or cost-of-living adjustment, is likely to be 2.6%, less than the 2024 COLA of 3.2%, which bumped up the average monthly benefit by more than $50, and well below the 8.7% increase ...